Leading Edge Academy Queen Creek

Analysis

Leading Edge Academy Queen Creek is a registered charity in United States, based in Gilbert, AZ. It received its IRS tax-exemption ruling in July 2020, 6 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Leading Edge Academy Queen Creek reported income of $4.4m and spending of $4.1m, spending 92% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.3m to $4.4m (+94%), an average of +18% a year. The sharpest change came in the year to June 2022, when income rose by 51%. Over the whole period it spent 86% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Leading Edge Academy Queen Creek sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 89th percentile within AZ. Charities of a similar size with the same main cause include Autism Model Community School ($4.4m), Glades Day School Inc ($4.4m) and Southeastern Foundation ($4.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% and program service revenue 0.4% of the total. Compensation of current officers, directors and key employees was $104k (2.5% of expenses). Other salaries and wages came to $2.0m. At year end it held assets of $4.1m against liabilities of $1.5m, net assets of $2.6m. It reported 73 employees.